Penrose, CO
Population 3,978 · Colorado
About Penrose, CO
Penrose is a small community in Colorado with a population of 3,978 residents. The median household income is $75,109 per year, which is above the national average. The median age in Penrose is 44.6 years.
Housing in Penrose has a median home value of $276,100 and median monthly rent of $0. Of the 1,541 total housing units, the majority are owner-occupied, with 1,183 owner-occupied and 227 renter-occupied units.
The unemployment rate in Penrose is 9.0% and the poverty rate is 12.2%. 27.4% of residents hold a bachelor's degree or higher. The average commute time is 29.2 minutes.
Cost of Living in Penrose, CO
Compared to national averages, Penrose has a median household income of $75,109 (0% below the national median of $75,149). Home values average $276,100, which is 13% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Colorado, Penrose's income is 15% below the state average of $88,514, and home values are 40% below the state median of $457,127.
Why Live in Penrose, CO?
Penrose offers rent that’s lower than the national average at $0/month, and a low poverty rate of 12.2%, better than the national average.
Potential considerations include median household income ($75,109) that falls below the national average. However, Penrose’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Penrose has a population of 3,978 with a median age of 44.6 years. Compare Penrose with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Penrose
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Basalt | 3,995 | $106,000 | $1,148,100 | Compare |
| El Jebel | 3,935 | $100,518 | $854,300 | Compare |
| Florence | 3,870 | $57,239 | $228,300 | Compare |
| Rocky Ford | 3,843 | $35,658 | $126,100 | Compare |
| Genesee | 3,826 | $172,692 | $994,700 | Compare |
| Monte Vista | 4,178 | $49,339 | $204,500 | Compare |
| Niwot | 3,773 | $141,621 | $868,400 | Compare |
| Lincoln Park | 4,315 | $64,750 | $272,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Penrose
What is the population of Penrose, CO?
The population of Penrose, CO is 3,978 according to the latest Census data.
What is the median household income in Penrose?
The median household income in Penrose, CO is $75,109 per year.
What is the median home value in Penrose?
The median home value in Penrose, CO is $276,100.
What is the average rent in Penrose?
The median monthly rent in Penrose, CO is $0.
What is the unemployment rate in Penrose?
The unemployment rate in Penrose, CO is 9.0%.